When it’s time to replace your hot water system, shopping around for the best price is key to saving money. Hot water systems are a major household investment that you’ll rely on daily for hot showers, washing dishes, laundry and more. As per experts from Same Day Hot Water Service, with some strategic planning and research, you can score an affordable system that meets your household’s hot water needs. Here are the top tips for securing the best deal on Rinnai hot water system prices.
Start Planning Early
Don’t wait for your current system to fail before shopping for a replacement. Begin researching options and costs several months in advance so you have time to compare providers and watch for sales. Attending home shows is a great way to gather quotes and get up to speed on the latest systems and incentives. Talking to neighbors and friends about which companies they used is another way to start developing a list to get quotes from.
Understand Efficiency Ratings
One way to maximize savings over the longer term is to choose the most energy efficient system you can afford. Look at the Energy Star and EF (energy factor) ratings to compare efficiency across tank and tankless models. While more efficient systems have higher upfront costs, the energy savings mean you can recoup those costs over the 10-15 year lifespan.
Consider Gas vs Electric
Gas and electric systems have different installation and operating costs. Electric heat pump water heaters are more expensive to install but cheaper to run than gas. Calculate total lifetime costs when deciding which is the better value for your home and usage patterns. Also factor in what fuel type you currently use for heating, cooking, etc so you can bundle services for greater savings.
Ask About Rebates & Incentives
Don’t forget to research current rebates and tax incentives for energy efficient hot water system replacements in your area. Some utility companies and states offer substantial rebates, tax credits, and financing options to encourage homeowners to upgrade to more efficient systems. These can offset 25-30% of the total cost.
Get Multiple Quotes
When it comes to big ticket home items, the cost can vary tremendously by brand and installer. Get written estimates from at least 3 local plumbers or home services companies. Compare not only system costs but warranties and installation charges as well. Ask lots of questions and don’t assume one company is cheaper across the board.
Look for Package Deals
Some companies offer attractive incentives when you purchase both a water heater and heating/cooling system at the same time. Others bundle tankless water heaters with home solar panel systems. Ask providers what package promotions might be available to save you money across upgrades. Even taking advantage of a financing offer with zero interest for 12-18 months can help cash flow a larger upgrade.
Aim for Simple Installation
Opt for a replacement that is similar fuel type, size, and installation location as your previous system whenever possible. Simple swaps that reuse existing vents, pipes, and electrical hookups cost less in labor. Tankless systems often require more complex installations which inflate bottom line pricing.
Weigh the Warranty
While it may be tempting to choose a budget system with fewer bells and whistles, don’t cut corners on the warranty. Most residential water heaters last 10-15 years. Pay close attention to warranty coverage on critical components like the tank, heating elements, electronics, etc. A longer and more comprehensive warranty will protect you from expensive repair and replacement costs down the road.
Stay Patient & Flexible
As with purchasing any major home item, staying patient and flexible will pay off when bargain shopping. Sign up for company email lists to receive notices about holiday weekends or periodic sales. Consider expanding your search radius a bit further to score a great discounted floor model or clearance item. Waiting a month or two to get quotes can make a difference.
Following these guidelines will set you up to get the best hot water system deal. Do your homework to understand costs, efficiency ratings, installation factors and more before making this key household investment. Taking the time upfront to strategically compare quotes ensures you maximize savings and end up with the right system to meet your family’s hot water needs.